The trading price of Jumia Technologies AG (NYSE:JMIA) closed lower on Monday, Feb 22, closing at $55.92, -7.94% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $50.69 and $54.30. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $69.89 and a 52-week low of $2.15. Over the past month, the stock has gained 12.97% in value.
Jumia Technologies AG, whose market valuation is $4.59 Billion at the time of this writing, is expected to release its quarterly earnings report on February 24, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.47 per share this quarter, however they have predicted annual earnings per share of -$2.25 for 2021 and -$1.86 for 2022. It means analysts are expecting annual earnings per share growth of 0.18% this year and -0.17% next year.
Analysts have forecast the company to bring in revenue of $50.81 Million for the quarter, with the likely lows of $48.99 Million and highs of $54.32 Million. The average estimate suggests sales will likely down by -7% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $168.92 Million. The company’s revenue is forecast to drop by -5.1% over what it did in 2020.
On the technical side, indicators suggest JMIA has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned JMIA a recommendation rating is 8. Out of them, 6 rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Jumia Technologies AG (JMIA) as Underperform, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how Jumia Technologies AG stock has been performing in comparison to its peers in the industry, here are the numbers: JMIA stock’s performance was -7.94% in the latest trading, and +775.51% in the past year, while Amazon.com Inc (AMZN) has traded -2.13% on the day and positioned +51.76% higher than it was a year ago. Another comparable company Alibaba Group Holding (BABA) saw its stock close -3.64% lower in the most recent trading session but was up +19.48% in a year. Furthermore, Pinduoduo Inc ADR (PDD) showed a decline of -7.94% on the day while its price kept rising at 775.51% over the past year. Jumia Technologies AG has a P/E ratio of 0, compared to Amazon.com Inc’s 76.18 and Alibaba Group Holding’s 28.48. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
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An evaluation of the daily trading volume of Jumia Technologies AG (NYSE:JMIA) indicates that the 3-month average is 13.18 Million. However, this figure has increased over the past 10 days to an average of 5.01 Million.
Currently, records show that 89.2 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.09% of outstanding shares, whereas institutions hold 32.68%. The stats also highlight that short interest as of January 28, 2021, stood at 10.17 Million shares, resulting in a short ratio of 0.89 at that time. From this, we can conclude that short interest is 11.4% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 12.28 Million. However, since the stock’s price has seen +27.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.